On Monday morning, January 12th, a quick look at the technicals of Bitcoin and Ethereum.

The KDJ lines on the chart are still hovering below 50, with the J line already turning downward, indicating that the momentum of this rally is weakening. The MACD green bars are shrinking and about to turn red, suggesting that the bearish pressure is easing somewhat. However, the trading volume has not yet significantly increased — this is not a very positive sign.

From a broader perspective, the market is consolidating and building a bottom. The sideways correction won't last long; once it concludes, a rebound could be on the horizon. Therefore, the morning strategy remains focused on key support levels, with an emphasis on buying the dips.

Bitcoin can be considered for long positions in the 90,000-90,600 range, targeting 92,900. Ethereum can be bought on dips in the 3,080-3,100 range, with a target of 3,240.

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